CNBC tells us that most Americans live paycheck to paycheck. The highlights:
Seventy-eight percent of full-time workers said they live paycheck to paycheck.
Overall, 71 percent of all U.S. workers said they're now in debt.
While 46 percent said their debt is manageable, 56 percent said they were in over their heads.
Even those making over six figures said they struggle to make ends meet. Nearly 1 in 10 of those making $100,000 or more said they usually or always live paycheck to paycheck, and 59 percent of those in that salary range said they were in the red.
Is anyone surprised?
We talked about these facts years ago. Looks like things haven't changed.
Eight years ago, during the financial crisis, 69% of Americans lived paycheck to paycheck.
Three years ago, nearly half the people were living paycheck to paycheck, so it looked like things were getting better.
Appears that was incorrect.
The reason it's hard to live off such high amounts for some people: they simply spend it all.
At this point, nothing surprises me about the poor financial habits of people in this country.